Property Type: Land / LotOwnership: Freehold

3470 Victor Road

Cranbrook, BC V1C7B7

$230,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.46 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$702.09

Interior

Fireplace
None

Listing Information

MLS®
10366847
Listed
October 27, 2025
Time on market
On the market for 308 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Purcell Realty Ltd · Data source: CREA DDF.

Description

Discover the perfect opportunity to build your dream home on this 0.456-acre lot at 3470 Victor Road, just minutes from downtown Cranbrook. Enjoy the convenience of being close to city amenities while living in a peaceful rural setting outside city limits. This property is already equipped with a well, septic system, and paved driveway—saving you time and expense in your build process. Zoned RR-60 and not within the ALR, this versatile lot offers flexibility for your vision. Located within the Rockyview Official Community Plan area of the RDEK, this property combines country charm with practical convenience in one great package. (id:63159)

Location Insights

Weather

Mainly Clear

16°C

Mainly Clear

Humidity 56%

Wind SW 9 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

20,499

(2021 Census)

+2.3% since 2016

Density: 641.2/km²

Dwellings: 9,058

Median household income: $80,000

After-tax: $72,500

Immigrant population: 8.7%

Top countries of origin (% of total population)

  • United Kingdom1.4% · 290
  • United States of America1% · 205
  • Philippines0.9% · 175
  • Germany0.6% · 115
  • Jamaica0.5% · 105
  • South Africa, Republic of0.4% · 90
  • Italy0.4% · 75
  • Ukraine0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Kootenay Christian Academy(Independent)K-122.8 km
Steeples ElementaryElementary3.4 km
Kootenay Educational ServicesSecondary4.0 km
Mount Baker SecondaryElementary4.1 km
Pinewood ElementaryElementary4.1 km
Laurie Middle SchoolMiddle4.4 km
St Mary's Catholic Independent(Independent)Elementary5.1 km
Highlands ElementaryElementary5.3 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: South East Kootenay (SD5)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($11,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$184,000.00
Periodic payment — Principal & Interest (monthly)$1,187.11
Additional monthly expenses (strata, tax, utilities, etc.)$58.51
Total monthly cost$1,245.61
Interest paid over 5-yr term$52,734.93
Balance at end of term$165,508.60

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,500
Stress test qualifying rate8.09%
Payment you must qualify for$1,680.19

Cash Needed at Closing

Minimum down payment$11,500
Estimated BC PTT$2,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,600

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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